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Archive for the 'Real Estate' Category


late TV producer’s L.A. USD 150 M mansion on Sale

Posted by simontoffel on 3rd April 2009

Spelling mansion for sale

Late television producer Aaron Spelling’s mansion is on the market for a cool $150 million.

LOS ANGELES (AP) - The widow of producer Aaron Spelling is placing “The Manor” in the exclusive Holmby Hills neighborhood on the market for a jaw-dropping $150 million, making it by far the most expensive home for sale in the U.S.

The French chateau-style mansion has 56,500 square feet of space on more than 4.6 acres and is the largest home in Los Angeles County. Among the neighbors are the Los Angeles Country Club and, not too far away, the Playboy Mansion.

Spelling’s late husband produced hit shows such as “Charlie’s Angels,” “Dynasty” and “Beverly Hills 90210.” He died in 2006.

“Everything there is glamorous, and is luxurious and it’s really great scale,” said Sally Forster Jones, an agent with Coldwell Banker Previews International in Los Angeles, which is co-listing the property. “There really is nothing to compare it to.”

Spelling told The Associated Press that she let her dog Madison, a soft-coated Wheaten Terrier, help pick out the best real estate agent for the task. She had her security bring the dog into the room every time she met one of the candidate agents and watched how the dog reacted. If Madison didn’t like them, Spelling crossed them off the list.

Prospective buyers won’t have to worry about passing such scrutiny, Spelling jokes.

“Not at all,” she says.

The three-story mansion, built in 1991, is gated and features a winding driveway that leads up to the three-story house, which includes ceilings that reach up to 30 feet high, Jones said.

While some published reports put the tally of rooms in the mansion at well past 100, Jones couldn’t provide an exact count.

Spelling says she doesn’t know either.

“You’re really asking the wrong person,” Spelling jokes. “There’s a lot. (The house) has evolved and I actually haven’t gone around and counted.”

The Spellings found no shortage of uses for the many rooms in the mansion, however.

There’s a bowling alley, wine cellar, wine tasting room, gift-wrapping room, a humidity-controlled silver storage room, China room, library, gym and media room, among many others.

The screening room is one of Spelling’s favorites.

“I had some really wonderful times entertaining in that room,” she said. “We showed movies and I still do.”

The room features a movie projection system that automatically comes up from the floor at the same time that shades extend over the windows. It’s an idea that came to Candy Spelling in dream as she sought to avoid having a projection screen open all the time.

“I wanted Aaron to have the best projection room anyone had ever seen, and the biggest, so I came with this solution, not realizing that we had to excavate a lot of dirt to get down that low, to have a special room that housed the screen that was totally dust free,” said Spelling, 63.

The Spellings also finished the 17,000 square-foot attic that includes a barber shop and beauty salon.

The home also includes a wing for service staff, including a kitchen and seven bedrooms, and five fireplaces and four wet bars.

Lavish features also can be found outside the house, including a tennis court, fountains, a waterfall, a pool and spa, a reflection pool and a pool house with a kitchen, and 16 car ports.

The estate also boasts an 18th Century-style garden, a rooftop rose garden and a citrus orchard.

Prospective buyers won’t have to worry much about parking when they host big parties. The property includes a winding motor court with space for more than 100 cars.

Spelling plans to trade her mansion lifestyle for a luxurious, two-story condo atop a residential tower in Los Angeles that she bought last year for $47 million.

“I have a lot of wonderful, wonderful, wonderful feelings about this house and special things that I went through in building it, with a love that you can’t even imagine,” she gushed. “Yet I feel like I’m moving on to a new chapter in my life.”

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Indian will Buy Half of London by 2017!

Posted by simontoffel on 22nd July 2008

London: Indian-trotters world can buy half of London in 2017. According to estimates by Jones Lang LaSalle Meghraj (JLLM), a real estate company, Indians could spend as much as 128000 crore rupees (15 million pounds) in residential property in the United Kingdom, particularly London in the next decade, According to the Times of India.

The survey indicates that 1.9 million households in India are expected to have wealth of more than $ 500000 in the next 10 years, giving globally engaged the Indians money to buy assets abroad.
According to experts, research JLLM can be considered a reliable indicator of trends increasingly volatile property market. Companies belonging to cities like London are betting the Indians’ increasing purchasing power and greater engagement with the world, notably through education abroad.

Research indicates that London is increasingly international centre for higher education and the number of Indian students in the study; it has quadrupled since 2005 to nearly 20000. The report predicts that this trend can only continue, given to an increase cooperation programmers between India and London universities.

JLLM report of what is now the ideal time for other real estate companies to exploit opportunities in the Indian market, so that the product directly to them. On Monday, British-owned Company, Berkeley Group said that will soon launch two of its most interesting in exhibitions in Mumbai and Delhi next month.

Paul Vallone Berkeley Group, which has an annual turnover of over one billion pounds, said: “As the middle class in Asia is expanding, several of them are looking abroad for good investment opportunities. Parent’s apartment they can choose to send their children when they go to college, while business travelers often buy a “blockade and stop the aircraft may be used for travel in London.”

The level of perception of India’s purchasing power can be appreciated in the price of 235000 pounds (2006 crore rupees) and 399950 pounds (3424 crore rupees) for the city Berkeley Group India launch of two events just three weeks from now.

JLLM, is an east wing of the Indian multi-national property management company appointed by Forbes and Fortune as one of the world 100 magazines and 400 best big companies.

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